To no one’s surprise, about 1.4 million people left New York state in the last decade, according to the latest U.S. Census Bureau estimates.
The population overall has not increased much and is shrinking as a share of the nation’s total, according to a blog from the Empire Center, a fiscally conservative think tank. Nearly 181,000 residents left the state in 2018-2019 alone.
The center analyzed IRS data that found that the top destination for New Yorkers is Florida, which accounts for about 21% of the net total. The other top destinations were New Jersey with 15.5%, North Carolina, 8.1%; Pennsylvania, 7.1%; California, 6.4%; Texas, 6.1%; Connecticut, 5.6%; Georgia, 4.5%; South Carolina, 3.5%; and Virginia, 3.1%. These account for 80% of the out-migrants, according to an analysis by the Empire Center.
Florida is not surprising as it is a haven for retirees. Another benefit is it is a no-income tax state. Texas also has no state income tax. Connecticut and New Jersey are not too surprising because they are in the New York City metro area. California is another high-tax state, but the only thing I can think of is people flocking to Silicon Valley and technology industries out there and also the entertainment industry.
Pennsylvania, and North Carolina have flat tax rates, according to thebalance.com website. However, the website pointed out that Texas has high property taxes and Florida has both high property taxes and a significant sales tax.
So, you get dinged one way or the other and can’t totally escape taxes.
New York’s slow population growth also has implications for Congress. The Empire State is certain to lose at least one House of Representatives seat and maybe two after the 2020 census as other states have gained more population.